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Vedanta Resources faces investor reckoning over $3.2 billion of bonds

Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

Ready for peace in Ukraine but only on Russia's terms, says Putin

"We also want to end the conflict, and as soon as possible" - but "only on our terms," Putin said. The Russian leader didn't specify what conditions must be met for peace

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF

That was higher than the $20.7 bn it invested the previous year, an increase that contrasts with a wider trend - globally state-owned investors deployed $124.7 bn, about a fifth less than prior year

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge

Overall, sovereign wealth funds controlled by the hydrocarbon-rich governments of Abu Dhabi, Saudi Arabia and Qatar took five spots on a list of the top 10 most active funds last year

Israel delivers first interest rate cut since pandemic as war rages

The monetary committee on Monday lowered its key rate to 4.5% from 4.75%, ending a pause in place since July

Crude oil imports from Russia plunge in December on payment issues

After rising to an all time record of 2.15 million barrels a day in May, oil imports from Russia fluctuated downwards, experiencing a sharp decline between November and December

S Korea exports accelerate as shipments to US overtake China for first time

China remains South Korea's biggest trading partner by a large margin given the scale of Seoul's imports from the world's second-largest economy

China home sales fall again as policy shifts fail to stem decline

China's prolonged housing downturn has weakened the economy and hurt developers that are struggling to repay debts and complete projects

US jobs numbers to show payrolls increase by 170k, eases pay growth

The median forecast in a Bloomberg survey of economists also calls for a 3.9% increase in average hourly earnings from a year earlier, the smallest annual gain since mid-2021

China's factory activity contracts more than expected for 3 months in a row

The official manufacturing purchasing managers index declined to 49 in December, from 49.4 in November, the National Bureau of Statistics said in a statement on Sunday

China abruptly ousts nine military lawmakers as defense purge widens

The nation's top legislative body revoked the lawmakers' membership during a Friday meeting, the official Xinhua News Agency reported

Billionaire Gustavo Cisneros, who defined Venezuela business, dies at 78

His death was confirmed by the Cisneros Group, without providing additional details

'Everyone got burned': Wall Street missed great stock rally of 2023

Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street

Combined net worth of 500 richest surges by $1.5 trn in 2023, Musk leads

No one did better than Elon Musk, who recaptured the title of world's richest person from French luxury tycoon Bernard Arnault. The Tesla chief executive officer netted an additional $95.4 billion

US 10-year yield poised to end 2023 at almost exactly where it started

It's an almost farcical conclusion to 12 months of trading that saw rates on the benchmark - a global anchor for markets and US mortgage rates - tumble to as low as 3.25 per cent

Goldman Sachs beats JP Morgan to emerge best provider for merger advice

The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg

Brics to grow as Saudi, Iran, UAE, Egypt, Ethiopia join ranks on Jan 1

Current members Brazil, Russia, India, China and South Africa in August invited six other nations to become part of their group, pairing some of the planet's largest energy producers

Oil limps into 2024 as Opec+ and war fail to prevent annual drop: Report

Brent crude edged higher toward $78 a barrel Friday, but is set to close 2023 about $8 below where it started the year

First made-in-China cruise ship to set sail from Shanghai to S Korea

The Adora Magic City will depart from its home port of Shanghai Monday for a six-day trip that will take in South Korea's Jeju island and the Japanese cities of Nagasaki and Fukuoka

US tries to persuade shippers to sail Red Sea despite Houthi attacks

The Pentagon is engaged with industry on a near-daily basis to gauge needs and provide reassurance that the international community is there to help with safe passage